The global Glass Wool Composite Board market was valued at US$ 1.8 billion in 2024 and is projected to reach US$ 2.4 billion by 2030, growing at a CAGR of 4.9% during the forecast period. This growth is primarily driven by increasing demand in construction and shipbuilding industries, where fireproof and thermal insulation materials are becoming essential components for modern infrastructure projects.
Glass wool composite boards are engineered materials with exceptional fire resistance, thermal insulation, and sound absorption properties. Their unique composition – combining high-quality steel sheets with glass wool cores – makes them indispensable in industrial and commercial applications where safety and energy efficiency are paramount. Recent regulatory pushes for greener building materials are further accelerating adoption across both developed and emerging markets.
Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/277632/global-glass-wool-composite-board-market-2024-661
Market Overview & Regional Analysis
Asia-Pacific dominates the global glass wool composite boards market, accounting for over 45% of total consumption. China’s booming construction sector and South Korea’s advanced shipbuilding industry are the primary growth engines. The region benefits from concentrated manufacturing hubs, raw material availability, and aggressive infrastructure development initiatives like China’s Belt and Road projects.
Europe maintains strong demand due to stringent building safety regulations and energy efficiency standards. North America shows steady growth, particularly in commercial retrofitting projects. Meanwhile, the Middle East’s construction boom and Latin America’s infrastructure development create new opportunities, though these regions currently face challenges in technical adoption and local production capabilities.
Key Market Drivers and Opportunities
The market is primarily driven by three factors: tightening fire safety regulations worldwide, the global push for energy-efficient buildings, and expanding shipbuilding activities. Construction applications account for approximately 65% of total demand, followed by marine applications at 25%. The remaining 10% serves specialized industrial uses including clean rooms and cold storage facilities.
Emerging opportunities include prefabricated construction techniques requiring lightweight yet durable materials and green building certifications stimulating demand for sustainable insulation solutions. Technological advancements in board durability and ease of installation are creating new application possibilities in sectors like transportation infrastructure and modular housing.
Challenges & Restraints
The market faces several challenges, including price volatility in raw materials (particularly steel and silica), technical complexities in installation, and competition from alternative insulation materials. Environmental concerns regarding fiber dispersion during handling have prompted stricter workplace safety regulations in developed markets. Additionally, the lack of standardized testing protocols across regions creates barriers for manufacturers operating in multiple jurisdictions.
Trade tensions and anti-dumping measures, particularly between China and Western markets, occasionally disrupt supply chains. Local content requirements in government projects further complicate the landscape for international suppliers. However, the industry is responding with strategic joint ventures and technology transfers to navigate these complexities.
Market Segmentation by Type
- 50mm
- 75mm
- 100mm
- 120mm
- 150mm
Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/277632/global-glass-wool-composite-board-market-2024-661
Market Segmentation by Application
- Shipbuilding
- Commercial Construction
- Industrial Facilities
- Residential Construction
- Others
Competitive Landscape
The market features a mix of global manufacturers and regional specialists:
- Wiskind
- Byucksan
- EPACK
- Kingting
- Hangzhou Guanqiong (Kinzip)
- Panel Tech
- Tianfon Assembly Group
- Shijiazhuang Sanhe Steel Structure
- K Industrial
Report Scope
This comprehensive report analyzes the global glass wool composite board market from 2024 through 2030, providing:
- Market size estimates and growth projections
- Detailed segmentation by type, application, and region
- Competitive analysis and market share data
- Technology and material innovation trends
- Regulatory landscape analysis
- Supply chain and raw material insights
The research methodology combines primary interviews with industry experts, comprehensive desk research, and proprietary modeling techniques to deliver actionable intelligence for strategic decision-making.
Get Full Report Here: https://www.24chemicalresearch.com/reports/277632/global-glass-wool-composite-board-market-2024-661
About 24chemicalresearch
Founded in 2015, 24chemicalresearch has rapidly established itself as a leader in chemical market intelligence, serving clients including over 30 Fortune 500 companies. We provide data-driven insights through rigorous research methodologies, addressing key industry factors such as government policy, emerging technologies, and competitive landscapes.
- Plant-level capacity tracking
- Real-time price monitoring
- Techno-economic feasibility studies
With a dedicated team of researchers possessing over a decade of experience, we focus on delivering actionable, timely, and high-quality reports to help clients achieve their strategic goals. Our mission is to be the most trusted resource for market insights in the chemical and materials industries.
International: +1(332) 2424 294 | Asia: +91 9169162030
Website: https://www.24chemicalresearch.com/
Follow us on LinkedIn: https://www.linkedin.com/company/24chemicalresearch
